Tencent announced the establishment of Intelligent Automobile Cloud Zone in Shanghai, the industry’s first proprietary cloud platform for autonomous and smart driving, the company said.
The State Administration of Market Regulation (SAMR), China’s top market regulator, issued a notice about launching inspections on coal prices across Chinese regions, according to state broadcaster CCTV.
Growatt, a Chinese smart energy solution provider, has applied for a listing on the main board of the Hong Kong Stock Exchange (HKEX).
Tencent Holdings’ shares slipped as much as 2.1% in the afternoon session on Monday, following more than 4% gains in the morning session, after the company said its main shareholder plans to sell its stocks.
The city of Wuhan, capital of central China’s Hubei province, has become the latest city to announce subsidies for new energy vehicle purchases, following similar moves by the financial hub of Shanghai and China’s capital city of Beijing.
Shares of the Hong Kong Exchanges and Clearing, the operator of the Hong Kong Stock Exchange, jumped as much as 6.3% to hit HK$398, marking the highest level in more than four months, bringing its market cap to nearly HK$500 billion.
China’s economic growth is expected to reach 4.7% this year, said Wang Yiming, an adviser to the monetary policy committee of the People’s Bank of China (PBOC).
Chinese lithium maker stage a rally on recovering demand and rising prices, with Ganfeng Lithium surging by the daily limit of 10% to hit 150.16 in Shenzhen, the highest level in three months, and its Hong Kong-listed shares are surging nearly 11%.
Hong Kong stocks open higher on Monday, with the benchmark Hang Seng Index up 1.2% to approach 22,000 mark, the Hang Seng China Enterprises Index up 1.1% and the Hang Seng Tech index up 1.3%.
